Dr. Inken Braunschmidt
A Halma delegation of medical and environmental innovation experts and a number of high-level executives including Halma executive board members Inken Braunschmidt, Chief Innovation and Digital Officer, and Adam Meyers, Chief Executive, Medical and Environmental sector, recently concluded a visit to Israel to meet with potential new partners. This trip demonstrates Halma’s commitment to partnering with the innovation capability within Israel to solve health and environmental problems on a global scale. Our longstanding partner OurCrowd, Israel’s most active venture investor, collaborated with us in organising and leveraging this visit. Reach Of A Global Business Israel is the perfect place to look for partnership opportunities for Halma" Inken Braunschmidt, Chief Innovation and Digital Officer at Halma, commented: “Israel is the perfect place to look for partnership opportunities for Halma because even though we are a member of the FTSE100 index of the largest UK companies, each of our 40+ businesses are autonomous, entrepreneurial and agile – so we are very much start-up in spirit but with the infrastructure and reach of a global business.” “We were warmly welcomed by our Israeli counterparts – which is indicative of our experience of working with startups and the opportunities that Israeli businesses see through our large, established customer base and distribution channels.” Optical Sensor Technology Allen Kamer, Managing Partner, OurCrowd’s Qure Ventures said: “Prior to the delegation arriving, OurCrowd’s business development team evaluated potential companies across the Israeli startup ecosystem. Within the digital health sector, Qure, Israel’s first dedicated digital health fund, partnered to identify and select both portfolio companies and other relevant businesses with products and technologies aligned with Halma’s focus areas of interest.” The trip to Israel was used to further develop and build on existing relationships The trip to Israel was used to further develop and build on existing relationships, particularly in Tel Aviv’s strong start-up sector. The Halma team had 80 meetings with key decision makers of 20 startups ranging from producers of optical sensor technology and process-based AI to telehealth and optometry tools. Seebo, which uses process-based industrial AI to integrate production workflows and IT data into machine learning, and VocalZoom, a start-up enabling voice control and voice authentication, are amongst the start-ups that already have an existing relationship with Halma. Customer-Supplier Relationships These newly established partnerships will develop an even more innovative and cutting-edge approach to Halma’s vision and mission, whilst simultaneously symbolising the Israeli commitment to a safer, cleaner, healthier world. The very productive meetings resulted in 50 potential collaboration projects, concepts for several pilots, a potential partnership and the objective to explore customer-supplier relationships. These outcomes highlight a strong commitment to Israel and likewise the appeal of Halma’s commercial power and agile non-bureaucratic organisation to startups. Eitan Cohen, Co-founder, CEO of TechSee commented: "It was a well-organized, productive meeting giving us access to the decision makers in the business. It provided an opportunity for real learning of the business problems, and the opportunities to help Halma solve for those challenges. It was a friendly and open environment." Equally, both Sensorex and SunTech saw immediate value in TechSee’s technology to solve customer service challenges and identified follow-up actions.”
Halma, a global group of life-saving technology companies, and OurCrowd, an equity crowdfunding platform, announced a new business partnership, which will help to catalyse life protection technologies focused on hazard detection and digital health. The partnership combines the strength of OurCrowd’s global network, robust deal flow pipeline and growing portfolio of 150 promising startups along with the reach and business objectives of Halma to seek innovative products and services in digital health, infrastructure and environmental analytics and insights. Unique Innovation And Digital Ecosystem Dr Inken Braunschmidt, Chief Digital and Innovation Officer at Halma, said: “We’re looking for the best innovations in Medtech, smart buildings and environmental analytics and Israel is the place to find them. It is one of the most vibrant innovation hotspots in the world. “We’re excited to collaborate with OurCrowd - who is the ideal partner to help us access the talent and ideas of this unique innovation and digital ecosystem. OurCrowd will help Halma grow faster by identifying new investment opportunities within the Israeli tech ecosystem.” Smart And Safe Buildings And Infrastructure Tech Halma wants to make the world a safer, cleaner, healthier place for everyone" OurCrowd has raised over $750 million (USD) for 150 companies and funds and continues to expand its OurNetwork corporate innovation program to provide multinationals with the ability to stay ahead of the latest innovation trends globally by providing access to Israel’s bustling tech startup community. Through this most recent partnership, OurCrowd will help funnel Israeli technology startups that support Halma’s mission. This partnership will help Halma achieve its purpose of growing a safer, cleaner, healthier future for everyone through investment in Medtech/digital health, smart and safe buildings and infrastructure tech, and environmental monitoring tech. Progressive Technology Groups Jon Medved, Founder and CEO of OurCrowd, said: “We’re thrilled to enter into this new strategic partnership with Halma. It will give our portfolio companies and other promising global startups a quality gateway to world markets, with one of the most progressive technology groups on the planet. Halma wants to make the world a safer, cleaner, healthier place for everyone and that’s something that we at OurCrowd believe in passionately.”
Wednesday 7th February, Halma held a dinner for analysts and institutional investors at the Andaz Hotel in London. Andrew Williams, Halma’s Chief Executive, began by introducing Halma’s Executive Board members including Marc Ronchetti, who will become Halma’s CFO upon Kevin Thompson’s retirement later this year, and Inken Braunschmidt, who became Halma’s Chief Innovation and Digital Officer in July 2017. Agility Of The Businesses Andrew then gave a brief summary of Halma’s evolution over the past 45 years, highlighting the agility of the businesses as markets and technologies have changed while maintaining a consistent financial model and strategic framework. Halma’s purpose is “Growing a safer, cleaner, healthier future for everyone, every day”. This means that our collective efforts are concentrated on making a transformational impact on people’s lives in each of our three key areas of focus: safety, healthcare and the environment. This helps us to attract new talent, acquisitions and strategic partners. Scope For Scalability The Executive Board has been streamlined to reduce the number of Sector CEOs from four to twoIn recent years, Halma has encouraged greater collaboration between its businesses supported by the addition of small, expert teams focused on talent, international expansion and, most recently, innovation. Halma can unlock additional value for shareholders and fulfil our purpose more fully, by leveraging the collective capabilities while retaining our culture and organizational model. To facilitate this, the Executive Board has been streamlined to reduce the number of Sector CEOs from four to two, with Paul Simmons responsible for the two Safety sectors and Adam Meyers leading the Medical and Environmental sectors. This will allow greater visibility of, and direct interaction between, the Executive Board and the operating company Chairmen while still providing scope for scalability of our organization. Digital Growth Potential Inken Braunschmidt, Halma’s Chief Innovation & Digital Officer, then gave a brief summary of her early impressions of Halma and its digital growth potential. These include identifying the additional opportunities arising from digital connectivity, which enable the convergence of technical and market capabilities of different Halma companies with each other and with external partners. No trading information was given during the meeting. Halma’s next trading update is scheduled for 22nd March, 2018.